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, the problem of running deficits and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been docto
and that that, we can do that on a basis which won't increase the deficit. that was their position as i said for 99% -- >> but still his position -- >> hold on, joe, and you cannot do that as a mathematical matter without raising the tax burden on the middle class, it's not possible and all this debate about my studies and your studies is not possible, as bill clinton said at the democratic convention it's arithmetic. >> can we taxle the deficit without affecting the middle class? >> if i were vice president biden i'd put that back on the table and push it because it's too late to change your position 30 or 40 days before the election in a campaign that's gone, you know, for a year and a half. it's too late especially on an issue which you've been talking about every single day for those 18 months. it's too late. i'd take the view you can't change your position on something like that 30 days before the election, you can't change your position on repealing every fapset of obama ca facet of obama care or every facet of dodd-frank. we have a debate tonight, so to say nevermind, that doesn't wor
independent. help people who are hurting get the skills they need to get the jobs they want. get the deficit under control. make trade work for america, and champion small businesses. don't raise taxes on small businesses because they are our job creators. he talks about detroit. mitt romney is a car guy. let me tell you about the mitt romney i know. this is a guy who i was talking to a family in massachusetts the other day, cheryl and mark nixon. their kids were hit in a car crash, four of them two of them rob and reid were paralyzed them. the romneys didn't know them. he asked if he could come over at christmas. he brought his boys and gifts. he said i know you are struggling don't worry about their college, i'll pay for it. mitt romney doesn't tell these stories. when the nixons told this story it was that he gave his time. mitt romney is a good man. he cares about 100% of americans in this country. and with respect to the quote, i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. [ laughter ] >> biden: but i alwa
money, at some point something bad happens. >> 180% of gdp, their deficit. we're 9%. so always a good idea to spend more money than you're take manage to try to get out of a recession. that's where you're at right now. so what you're doing is a government telling you that there will be inflation, we're going to keep interest rates very low. what that does, it encourages corporations to invest. the corporation sitting there with $2 trillion on their balance sheets and what they have to do, they have to invest to create jobs. the government is saying you can leave it there and wait for a disaster, but if you do, it will go down in value 4% every year and, therefore, encourage people to lower the dollar. that makes products worth more. so we're trying to encourage people to build products and plants. >> we had lloyd blankfein and simpson and bowles talking about the fiscal cliff. this is what lloyd blankfein had to say. >> i'd be a buyer of the market. goldman sachs would -- we not only value company, we're a company ourselves. we would be assuming that our business would grow, that comp
this year, we would still have a $300 billion deficit. you see, there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out, middle class, the tax bill is coming to you. that's why we're saying we need tax reform. let's look at it this way. 8 out of 10 businesses, they file their taxes as individuals, not corporations. where i come from overseas, which is lake superior, the canadians, they drop their tax rates to 15%. the average tax rate on businesses in the industrialized world is 25% and the president wants the effective top tax rate to go above 40%. 2/3 of our jobs come from small businesses. this one tax would actually fax about 53% of small business income. it's expected to cost us 710,000 jobs. and it doesn't even pay for 10% of the proposed deficit spending increases. we're saying close loopholes primarily to the higher income people. we have three bottom lines. don't raise the deficit. don't raise taxes on the middle class.
talks with the deficit reduction packages the same way that paul ryan has. i thought it was very strong on that in terms of his command of the substance which made it harder for ryen to go out there and show himself, to have greater command. that was an area i think conservatives and republicans expected a little too much out of paul ryan. and where democrats could be proud of their guy against joe biden in terms of his command of a substance that he wasn't expected to necessarily have command of. >> listening to the romney campaign's reaction to this, heavy emphasis on biden's manners last night, on the laughing, the sort of dismissive attitude maybe. it seems to me the effect they're going for is making this the equivalent of al gore and the sighing in 2000 where that becomes the post-debate story. do you think that has attraction on the right, biden's manners? >> that's part of the discussion. i don't think anybody watched that debate and didn't think there were times he was smiling which didn't seem to be appropriate. particularly when they're talking about foreign policy and what w
the skills they need to get jobs they want. get this deficit and debt under control to prevent a debt crise. make trade work for america so we can make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses because they're our job creators. he talks about detroit. mitt romney is a car guy. they keep misquoting him, but let me tell you about the mitt romney i know. this is a guy who i was talking to a family in northboro, massachusetts, the other day. sheryl and mark nixon. their kids were hit in a car crash, four of them, two of them, rob and reid, were paralyzed. the romneys didn't know them. they went to the same church. mitt asked if he could come over on christmas. he brought his boys, his wife, and gifts. later on he said, "i know you're struggling, mark. don't worry about their college. i'll pay for it." when mark told me this story, because you know what, mitt romney doesn't tell this story. the nixons told this story. when he told me this story. he said it wasn't the cash help. it's that he gave his time and he has consiste
to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! >> i want to bring the conversation to the state of our economy, the number one issue here at home is jobs. the percentage of unemployed just fell 8% for the first time in 43 months. the obama administration had projected that it would fall below 6% now after the addition of close to a trillion dollars in stimulus money. will both of you level with the american people, can you get unemployment to under 6% and how >> i don't know how long it will take. we can and will get it under 6%. let's look at where we were when we came into office. the economy was in freefall. 9 milli
? >> i will -- the candidates how they will reconcile reducing the deficit, cut spending and still -- [inaudible] >> what are you doing to prevent trafficking and to stop it altogether? >> all day like event tomorrow on c-span2 to tell you about. the center for strategic and international studies looks at political transitions in north africa. this starts at 8:30 a.m. eastern. >> we are live at centre college in danville kentucky for the 2012 vice presidential debate between vice presidential bike and congressman paul ryan. the moderator, martha raddatz is almost ready to begin after giving the audience instructions to remain quiet during the debate. we are waiting for her to introduce the candidates announced the opening question. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] .. [inaudible conversations] [background sounds] [background sounds] [background sounds] [inaudible conversations] [background sounds] [inaudible conversations] [background sounds] [inaudible conversa
revenue it produced were sufficient to drive down the federal budget deficit for 2005 through 2007. this despite massive war spending. as for deregulation, president obama himself said former president bush put more regulations in place than he has at the same time frame. it is true that there is one bit of deregulation regularly blamed by the liberal economists for helping create the speculative bubble that led to financial crisis and the great recession. that is the lifting of the barrier before commercial banks. it was lifted i. >> bret: if that is the case, how does president obama change dynamic debate number two? >> it's interesting to see whether romney is ready with with an answer to charge. so far, romney camp has not answered it. maybe they were reluctant to defend president bush saying he may not be popular. i think how this issue stands and how well the talking point works. it has worked to some extent with the obama team is whether he is ready to have a response to it. >> bret: insult to fatal injury in new york. media does it again. grapevine is next. ♪ [ male annou
to cut the deficit in half in four years. we have four budget it is and four trillion dollar deficits. a debt crisis is coming and we can't keep spend borrowing like and spending money we don't have. leaders run to problems to fix problems. >> steve: i got this tweet. why was bush crusify biden didn't get information on the intelligence community and that is okay. >> steve: ultimately some polls went out and they did snap pollings. cnn paul ryan . cnbc. winner 20 points. >> brian: cbsdid joe biden. >> steve: they did a focus group for 50 people. >> gretchen: we have frank coming up. and we'll show you that. now the rest of the head lineups for friday. one month after ambassador stevens was ciled. lawrence pope is the new charge of affairs. he will represent. pope retired 12 years ago and an ambassador to chad and political advisor for the special command and special operations in the middle east. governor mitt romney getting a spiritual boost from billy graham. >> reverend graham added he would do everything to help him. franklin graham has provided council to every president since ha
the city's $300 million budget deficit without raising taxes and fees this year. in his annual budget speech, emanuel took aim at chicago's pensions, warning that without reform, the city could raise property taxes in the future by as much as 150%. that is tough news. >> that is tough sledding. in "the wall street journal," the deaths of four americans on the attack on the consulate in benghazi sparked political fighting during hearings on capitol hill yesterday. security officials charged with protecting the compound testified that requests to keep an american military team in libya were denied. and that protection was cut in the weeks leading up to the deadly assault. >> we were fighting a losing battle. we couldn't even keep what we had. we were not even allowed to keep what we had. >> it was abundantly clear, we were not going to get resources until the aftermath of an incident. >> this story is going to just grow. and it's looking very, very bad for the administration and the decisions that were made to cut security there. state department officials have said that keeping the tea
a credible plan to reduce our budget deficit, that's delivering very low interest rates for us in the markets at the moment. so that is the proof that there's international confidence in our plan. >> gilt yields are slightly lower. we're waiting for spain of course to ask for a bailout. spanish yields are lower. and if they stay in those sort of levels, spain will ride their luck for as long as they can. back to you. >> i was with you on that, ross. your audio guy was sleeping there for a second. we were going to step in and help you, but that was -- it was the eads, that's very unsettling what's happening with the eads. very unsettling. i'm anxious about how that finally plays out. >> no delay. >> just flew right over ross. >> flew right over ross. we may eventually have really quick flights again. did you see this guy who is going to jump out of balloon? he'll break the sound barrier. but as you're falling, since there's no -- what keeps you at terminal velocity is the air. if there's no air, they think he'll he break the speed of sound. >> why is he doing this? >> because he can. >> yeah,
. bush left office eight years later we had a $1 trillion deficit. republicans doubled the national debt from 5 trillion to 10, 11 trillion. barack obama has taken the 11 trillion to 16, 17 trillion. under his own proposals and his own projections, that national debt will go over 20 trillion by the time he leaves office. both parties have been reckless and irresponsible. >> so is there any way to reduce it here in the u.s. without extreme austerity measures? >> well, we're going to see what happens when we reach the fiscal cliff. i think there is a way. >> are we going over that cliff? >> i don't think so. >> do you think they're going to come together before january 2nd? >> only because you're going to have enough ceos and people who contribute to democrats and republicans alike that go, kids, kids, come here. come here. let's gather around. we're going to stop supporting you if you don't stop acting so reckless. they've got no choice. the markets are going to kill us. you know, right now we've got again 16, $17 trillion national debt. this past year. every dime that we took in as a gov
small businesses, doubled their income taxes this year, we'd still have a $300 billion deficit. you see, there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say don't worry about it, we'll get a few wealthy people to pay their fair share, watch out, middle class. the tax bill is coming to you. >> so al. >> good exchange. >> what do you think, mika? >> no, al, go ahead. >> you laughed at that line. a lot of people thought that was a strong line. >> okay. it was ridiculous. >> it was ridiculous. >> what was ridiculous about it, mika? >> both sides are being ridiculous on this one because neither one of these people are going to balance the budget. this is the biggest failure in the campaign on both sides. >> amen. >> is that neither side has made any significant attempt to balance the budget. and what ryan and romney are calling is outrageously stupid. what the president is doing is inadequate. >> okay. al? >> good description. nothing partisan about that description. you know, al, the governor brings up a point. i'
said no to the keystone pipeline. i asked more questions like why was it with a trillion dollar deficit, he found it in his -- in his heart to put $90 billion into green energy companies that in many cases were contributors to his campaign. at least the owners of those businesses were. and why was it with what he had promised during his campaign, that health insurance premiums he would bring down by $2,500 a year, instead they went up by $2,500 a year. you know, i know we've heard his answers over the campaign. had he says look you can't fix washington from the inside, only do it from the outside. we're going to give him that chance, all right. >> that was mitt romney at a rally in richmond, virginia, karen finney some sharp words. >> not unexpected. >> not unexpected at all. >> i'll start first with benghazi, which we didn't talk about earlier and which we will talk about now. mitt romney clearly sees an opening here, foreign policy wise to hit the president. said that president is doubling down on denial in his remarks just a moment ago. let's talk about how the vice president handled
of deficits and budget. bl >> belva: dan, what about the state? what shape will the state be in? because this is all about services to people. >> well, i think they'll be in a big pickle. they are going to be in a situation unless the economy picks up very dramatically and there are absolutely no signs that california is going to come to boom any time soon. then, what you are dealing with here is basically a state budget that is anywhere between 10% and 15% out of whack. that the revenues are 10% to 15% below their spending commitments. and that's going to be very, very painful. you're going to see it in a lot of things. but you know, there's -- on the other hand, and there is always another hand in politics, if he's successful and gets this thing passed, he also runs the risk of kind of a volatility. he's basically betting the state's future on a handful, basically, 150,000 california taxpayers, out of 38 million people, that they are going to do well enough to raise all this money that he thinks he's going have coming from this ballot measure. that's a little bit scary, too, particular
for the first down. that would lead to this touchdown pass to reggie wayne. an 18 point halftime deficit and stunned the packers. chuck pagano is being treated for leukemia. >> you're doing great. >> eagles and steelers in pittsburgh. michael vick coughed up a fumble on the one yard line. steelers recover. philadelphia would have the lead late in the fourth. pittsburgh kicks the go ahead field goal to win it 16-14. scary play for redskins fans. robert griffin iii trying to make something happen. he scrambles up the sideline. gets hit. griffin is slow to get up. he's taken out of the game and would not return. official diagnosis is a concussion. no word yet on if he'll play next week. the game with 2:50 left to play. michael turner gets the handoff and runs it 13 yards for the score. that would be the final. falcons win 24-17. they improve to 5-0. >>> and a showdown between two of the best quarterbacks of this generation. tom brady, mr. pretty, and peyton manning facing off in foxborough. manning looks sharp rmt here he hits his tight end from one yard. peyton has three tds and no interce
the national deficit. now, everybody can obsess on his 87 -- and obsess on what he said during the primaries. but that sent a message to me, jim vandehei. >> of the philosophy. >> that that philosophy, a moderate philosophy, a conservative with a small "c" philosophy, that i'm not going to be a crazy ideologue, i'm not going to slash first and ask questions later. i'm mindful that we live in a global -- on a global stage. where investors are scared to death that the u.s. is going to sink deeper in debt. he's striking, though, he's striking the right tone for me. i know he's striking the right tone now for a lot of americans. i don't think you can overstate the importance of that new tone. >> well, and if he were to win, and i still think it's a big if, he would have a lot of flexibility, i think, to do what you were talking about three or four minutes ago on the show, which is do a global deal that's positions the united states to really sort of take advantage of this global slowdown. we have a piece up today where we have jamie dimon, other people on the record saying, you know what? we wil
back from a 3-1 deficit. the game winner to score seth smith. 4-3 athletics and leading to the ritual whipped cream pie in the face and the gatorade shower. the series is tied at two apiece and do sigh tiff game five tomorrow. fans are going bananas. >> i was really, really excited especially when cocoa hit the single and they won the game. it was amazing. it is the best team ever. i can't believe they won. it is amazing! >> they are all doing the bernie. we will hear whipped cream and all and don't forget the giants forced game five as well in their series. that's in sports. >> a fabulous day for bay area baseball. >> fantastic. >> see you shortly. >>> a vacant building in san francisco's castro district drew an intense police response after protesters took it over. officers stormed the building to protest the housing shortage. john alston is live at castro and 18th where this wept down. john? >> carolyn, 20 people were arrested and they are standing by as workers make repairs while inside. they used to be a restaurant that was vacant for several years which is one of the reasons tha
at the same time they're lecturing people about the deficit. we need to deal with the deficit and the folks at the very top should go back to paying the same rate they did during the clinton administration. when we had 20 million jobs created and the economy was doing great. so i thought this was a great night in exposing the really clear choice for the american people. you've got one guy who comes from scranton, pennsylvania. he's a fighter for the middle class. his policies back him up. you have another ticket that discovered the expression middle class in the last six months on the campaign trail. that was really clear. >> congressman chris van hollen of maryland. thank you very much for joining us tonight, sir. we know you're busy and a lot yet do. good luck winding down from being paul ryan, sir. i will say what you just saw there from congressman chris van hollen if you contrast that with us talking to david plouffe last week after the presidential debate and see the sort of democratic buoyancy out of this, what everybody said going into this was the democrats were looking for somethi
. and the reason is he's talking about tax cuts and deficit reduction at the same time. and the pew poll that came out earlier this week, wolf, said six in ten voters believe that romney is promising more than he can deliver. one reason bill clinton's speech was so popular at the democratic convention was he said the arithmetic doesn't add up. so you can push is this just rhetoric during a campaign, or is this real? if you want to close tax loopholes, okay, fine. what loopholes would you close? he's got to answer that. and so far hasn't done it. >> his argument is i don't want to put all that out right now. because if he's president, he's going to have to negotiate all those issues with democrats. and why put your on position out right now. >> sure. >> i don't know if his argument's going to necessarily hold. that's another matter. a lot of folks have seen romney over these past couple weeks at the debate, in the interview with me, moving more towards the center. do you see that? >> i did. i saw that particularly in your interview when he talked about the wealthy and how his tax plan would affect
. daniels, indiana has balanced budgets. when governor daniels stepped into office, there was a deficit. at the same time, there were a variety of tactics like delaying payments. my question to my colleagues on the stage is, how will we avoid the mistakes of the past that allowed indiana to go so deep in red? how do we ensure the next administration produces honestly balanced budgets and preserves the fiscal integrity of the state of indiana. >> we have bipartisan control of government. it is essential. we have a republican house and senate and a democratic governor. i like your idea. i get kind of a kick, the congressmen and i have known each other for years. he is a fine person, but we disagree on many things. there is the candidate and the congressmen. humanist 86% of the votes. -- you missed 86% of the votes. and you would vote governor daniels' name. mitch daniels is a friend of mine, but he shows up to work every day. he is there. you are talking about our financial situation and when you were in congress and in control, president bush was in office, you voted five times to raise
have. i heard mitt romney say, talking about, again, i won't pass a tax cut that raises the deficit. that sounds pretty much like the romney doctrine to me. that's what i took away from that debate. and they can have that debate if they want to, but, again, i think a lot of people are listening for the first time. and if mitt romney did move to the center, well, i think that's probably pretty good general election strategy. >> and did he answer any questions about how he would do all this? and what loophole he would cut? how he would reduce the deficit? by when? did anyone ask? >> i mean, there's two components to his tax reform plan. one is a huge tax cut, which is going to add up to $5 trillion. and the other is to pay for it. so he's been explicit about one part, which is the tax cut. he hasn't been detailed about the last part. but obama never pressed him on this. that's your point. these are 90-minute forums, they're highly intense. >> you just did it, mika, so why couldn't he? >> that's what i'm wondering. >> everybody out there, democrats were yelling at the camera. >> becaus
Search Results 0 to 49 of about 87 (some duplicates have been removed)